Future Bright Holdings ( (HK:0703) ) has issued an update.
Future Bright Holdings Limited announced its annual results for the year ended December 31, 2024, reporting a decrease in turnover by 2.3% to HK$480,035,000 and a significant drop in profit attributable to owners by 87.7% to HK$6,010,000. The company’s financial performance was impacted by increased direct operating expenses and finance costs, resulting in a decline in gross operating profit and EBITDA. Despite these challenges, the total assets to total liabilities ratio improved slightly, indicating a stable financial structure. The announcement highlights the need for strategic adjustments to enhance profitability and maintain competitive positioning in the market.
More about Future Bright Holdings
Future Bright Holdings Limited is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company operates in the food and beverage industry, providing a range of dining services and products. Its market focus includes various regions, with a significant presence in Hong Kong.
YTD Price Performance: -7.86%
Average Trading Volume: 202,592
Technical Sentiment Signal: Buy
Current Market Cap: HK$89.57M
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